ISMA seeks easing of stock limit as sugar output rises

The country’s sugar output in the first 45 days of the current crushing season rose 79%, prompting the Indian Sugar Mills Association (ISMA) to demand the easing of stock holding limits on traders to improve sales of the sweetener.

ISMA said 13.73 lakh tonnes of sugar has been produced in the first 45 days of the current season, compared with 7.67 lakh tonnes in year-ago period. An early start to the crushing season is the main reason for higher production, it said.